<ul><li>US Commerce Secretary Howard Lutnick stated that the Trump administration is renegotiating some of President Biden's grants to semiconductor firms, potentially leading to some awards being axed.</li><li>In March 2025, former President Donald Trump signaled the possible cancellation of the US Chips and Science Act, expressing dissatisfaction with the funding allocation.</li><li>Lutnick mentioned to lawmakers that certain Biden-era grants were being renegotiated due to their perceived generosity, indicating that not all awards may survive the process.</li><li>The US Chips and Science Act, signed into law by the Biden administration in August 2022, allocated significant funds to boost domestic semiconductor production and reduce reliance on foreign suppliers.</li></ul>

Trump Renegotiating Biden-era Chips Act Grants

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